So this software is using a lifespan of 15 years? $12,683 / (21,075 * 15) = $0.0401/kWh
It was 25 years.
Not sure exactly how it gets those LCOEs- I'm sure it's in the software or manual somewhere- there's a LOT of info to sort through.
Stochastic simulations? Um....ok.
Take this with a grain of salt- I know more about transformers than I do about "financial parameters".
I assumed there's no sales tax on PV in Cali for instance, some single things have a small effect, some have a huge effect on LCOE, payback, etc.
Btw, this is with a 5 year loan at 5%- for some reason the LCOE is lower with a loan. This is residential net metered- there are also 4 PPA options to start from.
It is free! Well, technically, our taxes paid for it... Give it a try- you could put in the equipment you have, see how it compares to reality, and....wait for it...
It DOES BATTERIES NOW!!!
SAM makes performance predictions and cost of energy estimates for grid-connected power projects based on installation and operating costs and system design parameters that you specify as inputs to the model. Projects can be either on the customer side of the utility meter, buying and selling electricity at retail rates, or on the utility side of the meter, selling electricity at a price negotiated through a power purchase agreement (PPA).
The first step in creating a SAM file is to choose a technology and financing option for your project. SAM automatically populates input variables with a set of default values for the type of project. It is your responsibility as an analyst to review and modify all of the input data as appropriate for each analysis.
https://sam.nrel.gov/
Changed to 15 years, Sacramento would be:
Metric // Value
Annual energy 21,075 kWh
Capacity factor 18.6%
First year kWhAC/kWDC 1,628 kWh/kW
Performance ratio 0.80
Battery efficiency 0.00%
Levelized COE (nominal) 5.31 ¢/kWh
Levelized COE (real) 4.50 ¢/kWh
Electricity cost without system $780
Electricity cost with system $-463
Net savings with system $1,243
Net present value $5,004
Payback period 6.8 years
Net capital cost $12,683
Equity $0
Debt $12,683